Nomura Asset Capital Corporation, Respondents-Appellants v. Cadwalader, Wickersham & Taft LLP…

Summary

The New York Court of Appeals affirmed the lower court’s order in part, granting summary judgment to dismiss Nomura’s legal malpractice claim in its entirety because Cadwalader adequately advised on REMIC qualification, performed the requisite due diligence, and was not the proximate cause of Nomura’s damages.